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When They So-called 'target The Interest Rate', What They're Doing Is Controlling The Money Supply Via The Interest Rate. The Interest Rate Is Only An Intermediary Instrument.
-Milton Friedman
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When They So-called 'target The Interest Rate',

When They So-called 'target The Interest Rate', What They're Doing Is Controlling The Money Supply Via The Interest Rate. The Interest Rate Is Only An Intermediary Instrument.
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